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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2625 |
Essay's paper body
Most firms keep track of the average time it takes customers to pay bills.' (Brealey, Myers, & Allen, 2005, p. 849) Lawrence Sports does not have a good system that accurately monitors cash flow which has required the company to establish a $1.2 million dollar line of credit with a high interest rate...
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The company faces a balancing challenge of paying off loans while attempting to not borrow more money on the line of credit established with the bank. Lawrence Sports needs to research a long-term planning process that can help maintain control over the company finances. Mayo Stores is the source of the main cash flow for Lawrence Sports...
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